NETGEAR, Inc.
- Open
- 21.11
- Day high
- 21.27
- Day low
- 20.88
- Prev close
- 20.72
- Volume
- 32K
- Mkt cap
- $572M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.3
- P/S
- 0.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$72K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
NETGEAR, Inc. (NTGR) is a Technology company listed on NASDAQ. The stock is down 22% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering NTGR.
NETGEAR, Inc. (NTGR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NTGR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $0.01 | $0.16 | +1100.3% | $169M | +6.8% |
| Apr 29, 2026 | $-0.08 | $0.06 | +175.0% | $159M | +4.2% |
| Feb 4, 2026 | $0.05 | $0.26 | +420.0% | $176M | +5.3% |
| Oct 29, 2025 | $-0.09 | $0.12 | +233.3% | $185M | +4.1% |
| Jul 30, 2025 | $-0.16 | $0.06 | +137.5% | $171M | -3.8% |
| Apr 30, 2025 | $-0.35 | $0.02 | +105.7% | $162M | +6.4% |
| Feb 5, 2025 | $-0.24 | $-0.06 | +75.0% | $182M | +8.9% |
| Oct 30, 2024 | $0.03 | $0.17 | +525.0% | $183M | +9.2% |
| Jul 31, 2024 | $-0.82 | $-0.74 | +9.8% | $144M | +8.3% |
| May 1, 2024 | $-0.27 | $-0.28 | -3.7% | $165M | +0.5% |
| Feb 7, 2024 | $0.04 | $0.09 | +100.0% | $189M | +1.9% |
| Oct 25, 2023 | $-0.06 | $0.23 | +483.3% | $198M | +7.6% |
NTGR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 6, 2026 | Murray Douglas Andrewdirector | Grant | 6,107 | — |
| Aug 4, 2026 | Prober Charles J.director, officer: Chief Executive Officer | Tax | 4,598 | $24.16 |
| Aug 4, 2026 | Murray Bryanofficer: Chief Financial Officer | Tax | 4,293 | $24.16 |
| Aug 4, 2026 | Badjate Pramodofficer: President & GM, NFB | Sell | 1,000 | $23.45 |
| Aug 4, 2026 | Badjate Pramodofficer: President & GM, NFB | Sell | 2,000 | $24.09 |
| Aug 4, 2026 | Murray Bryanofficer: Chief Financial Officer | Tax | 4,814 | $24.16 |
| Aug 4, 2026 | Murray Bryanofficer: Chief Financial Officer | Grant | 9,461 | — |
| Aug 4, 2026 | Badjate Pramodofficer: President & GM, NFB | Tax | 8,440 | $24.16 |
| Jul 2, 2026 | Oakes Jonathan Russellofficer: SVP and GM, Home Networking | Tax | 10,601 | $23.35 |
| Jun 5, 2026 | ROBERTS JANICE Mdirector | Grant | 7,779 | — |
| Jun 5, 2026 | Orvidas Lauradirector | Grant | 7,779 | — |
| Jun 5, 2026 | Goli Shravandirector | Grant | 7,779 | — |
| Jun 5, 2026 | Durr Lauradirector | Grant | 7,779 | — |
| Jun 5, 2026 | Butterfass Sarahdirector | Grant | 7,779 | — |
| May 4, 2026 | Badjate Pramodofficer: President & GM, NFB | Tax | 11,506 | $25.27 |
Source: NTGR SEC Form 4 filings, latest Aug 6, 2026. For informational purposes only — not investment advice.
See the full NTGR insider & 13F page →NTGR research & analysis
NETGEAR, Inc. company profile
Overview
NETGEAR, Inc. (NASDAQ:NTGR) is a San Jose-based networking equipment company founded in 1996 and publicly traded since 2003. The company designs, develops, and markets networking and internet-connected products for consumers, businesses, and service providers across the Americas, Europe, Middle East, Africa, and Asia Pacific. After nearly three decades of leadership by founder Patrick Lo, C.J. Prober took over as CEO in 2023, leading the company through a strategic transformation focused on premium market segments and business-to-business growth.
Business
NETGEAR operates in the networking equipment industry, designing and manufacturing hardware that enables internet connectivity and network management. The company's products fall into three main business segments that will be reported starting in 2025: NETGEAR for Business (NFB) represents approximately 40-45% of revenue and focuses on small-to-medium business networking solutions. This segment includes Ethernet switches, Wi-Fi mesh systems and access points, local and remote unified storage products, and internet security appliances. A key growth driver within this segment is the Professional Audio/Visual (ProAV) managed switches business, which serves the broadcast, education, hospitality, and health markets. These switches enable the transmission of high-quality audio and video signals over network infrastructure, supporting applications like digital signage, conference rooms, and live event production. Home Networking accounts for roughly 35-40% of revenue and serves consumer markets with products like Wi-Fi routers, home Wi-Fi mesh systems (particularly the Orbi brand), broadband modems, Wi-Fi gateways, range extenders, and network adapters. The company has been focusing on premium segments within this market, particularly Wi-Fi 7 technology and high-performance mesh networking systems that provide whole-home coverage. Mobile Business generates approximately 15-20% of revenue through mobile hotspot devices and related services, primarily serving service providers and consumers who need portable internet connectivity. This includes 5G-enabled mobile hotspots that allow users to create Wi-Fi networks using cellular data connections. The company also generates recurring service revenue through cybersecurity subscriptions, parental controls, and technical support services, representing a growing but still small portion of total revenue at around 5% with over 550,000 subscribers.
Revenue model
NETGEAR generates revenue primarily through product sales across its three business segments, with different customer bases and go-to-market strategies for each segment. The company sells through multiple channels including traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, broadband service providers, and its direct online store. For the Business segment, customers include small and medium-sized enterprises, educational institutions, healthcare facilities, and hospitality venues that purchase networking equipment for their operations. The ProAV business specifically targets customers in broadcast, live events, and professional installation markets who need specialized switches for audio/video applications. The Home Networking segment targets consumers through retail channels, with a focus on premium customers willing to pay higher prices for advanced features like Wi-Fi 7 technology, mesh networking capabilities, and enhanced security features. The company has implemented a "good-better-best" product strategy to capture different price points within the consumer market. The Mobile Business primarily serves telecommunications service providers who resell mobile hotspot devices to their customers, as well as direct consumer sales for portable connectivity solutions. Margin expansion opportunities include the growing mix of higher-margin business products, particularly ProAV switches, and the expansion of recurring service revenue which carries higher margins than hardware sales. The company has also benefited from having no manufacturing operations in China, potentially providing tariff advantages over competitors. Margin pressures can come from component cost inflation, freight and logistics expenses (particularly during supply chain disruptions), competitive pricing pressure in consumer markets, and the need to clear legacy inventory during product transitions. The company's margins are also sensitive to product mix, with business products generally carrying higher margins than consumer products.
Competitive moat
NETGEAR's competitive moat is relatively modest, operating in highly competitive networking equipment markets with significant competitive pressures. The company's primary defensive characteristics include its established brand recognition in both consumer and business markets, particularly strong positioning in premium segments, and an extensive partner ecosystem of over 400 manufacturing and channel partners. In the business segment, NETGEAR has built specialized expertise in ProAV managed switches, creating some differentiation in niche applications like broadcast and professional audio/video installations. The company's focus on small-to-medium businesses also provides some insulation from direct competition with enterprise-focused vendors like Cisco. The company's U.S. headquarters and non-China manufacturing base may provide competitive advantages amid increasing geopolitical tensions and potential regulatory scrutiny of Chinese networking equipment manufacturers. Recent investigations into competitors like TP-Link could create market share opportunities for trusted U.S.-based vendors. However, the networking equipment industry faces significant competitive threats from both established players and low-cost manufacturers. The consumer networking market is particularly commoditized, with intense price competition and rapid technology transitions. Large technology companies with greater resources continue to expand into networking, while Chinese manufacturers often compete on price despite quality and security concerns. NETGEAR's moat is further limited by the cyclical nature of networking equipment purchases, dependence on retail channels, and the challenge of maintaining technological differentiation in rapidly evolving markets. The company's relatively small size compared to networking giants also limits its ability to invest in R&D at the same scale as larger competitors.
Risks & safety
NETGEAR maintains a strong balance sheet with significant financial flexibility, though the company faces operational challenges: • Liquidity Position: Strong cash position of $269.8 million with minimal debt (debt-to-equity ratio of 0.034), providing substantial financial cushion • Working Capital: Healthy current ratio of 2.99 and quick ratio of 2.34, indicating strong short-term liquidity • Cash Flow: Recent quarters show negative operating cash flow (-$8.7 million in Q1 2025) and negative free cash flow (-$10.1 million), though this follows strong cash generation in prior periods • Profitability: Company currently operating at losses with negative EBITDA, though gross margins have improved to 35% • Valuation: Graham net-net value of $10.38 per share suggests potential asset-based value, though current trading price of $27.82 indicates market expectations for operational improvement • Solvency Risk: Low given strong cash position and minimal debt obligations, providing runway for operational turnaround The primary risk relates to operational performance rather than financial distress, with the company needing to demonstrate sustainable profitability and positive cash flow generation.
Recent development
NETGEAR has undergone significant strategic transformation over the past two years, marked by leadership transition and operational restructuring. The company completed a major organizational reorganization in early 2025, reducing annual operating expenses by over $20 million while realigning resources toward growth opportunities. Key strategic initiatives include the acquisition of VAAG Systems to in-source software development capabilities in Chennai, India, supporting the company's increased focus on software and AI innovations. The company has also expanded its manufacturing partner ecosystem to over 400 partners, reducing supply chain risks and improving operational flexibility. Product development has focused on next-generation technologies, particularly Wi-Fi 7 products across both consumer and business segments. The ProAV business has been a standout performer, achieving record quarters and expanding into new markets like broadcast applications. The company launched the M7 Pro 5G mobile hotspot and continued expanding its Orbi mesh system portfolio. A significant development was the settlement of patent litigation with TP-Link, which added over $100 million to the company's cash balance and eliminated a major legal overhang. This settlement, combined with ongoing regulatory scrutiny of Chinese networking equipment manufacturers, may create competitive opportunities for NETGEAR as a trusted U.S.-based vendor. The company has also prioritized recurring service revenue growth, achieving 25% year-over-year growth in subscription services while simplifying its service offerings and improving customer conversion rates. Management has indicated plans to continue investing in B2B go-to-market capabilities and exploring selective acquisition opportunities to expand product portfolios and market reach.
NTGR company profile · for informational purposes only — not investment advice.
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